Ohio Life Sciences Association EIN 92-0273822 Form 990 (PDF) Claim this org

Ohio Life Sciences Association

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Connects Ohio's life sciences sector, fostering partnerships and advocating for growth. For fiscal year 2024 it reported $1.5M in revenue, $628K in expenses, and $1.4M in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Columbus, OH
Website
ohiolifesciences.org
Filings
3 on file (2022–2024)
Revenue
$1.5MFY2024
Expenses
$628K
Net assets
$1.4M
People
10
Filings
3
Updates
0
More identity details & actions ⌄
EIN  92-0273822 Business league / trade association Columbus, OH
Form 990 (PDF)
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Size
$1–10M
What they do
Connects Ohio's life sciences sector, fostering partnerships and advocating for growth.
Leadership
Eddie Pauline · President and CEO · $449K
Money in and out
$1.5M revenue, $628K expenses
Bottom line
+59% operating surplus
Membership & operating revenue · FY2024
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$628K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $901K
Operating surplus
+59%
revenue over expenses▲ +44% vs prior filing year
Earned revenue
33%
of revenue from program services & dues▼ -17% vs prior filing year
Payroll share
41%
of spending is salaries & benefits▼ -26% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.5M
FY2024▲ +21%
Expenses
$628K
FY2024▼ -16%
Total assets
$1.8M
FY2024▲ +84%
Total liabilities
$362K
FY2024▼ -17%
Total revenue
$1.5M
Pt VIII · Ln 12
Total expenses
$628K
Pt IX · Ln 25
Net assets
$1.4M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$901K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

2 program services, described in the organization's own filed words · FY2024.
01

The current member discount program runs through 2027. Under the terms of the program agreement, the association designated a specific vendor as its sole provider of laboratory, life sciences, and safety products and will assist in encouraging association member organizations to order catalog products from the vendor.

Pt IX · col B
02

Ohio life sciences hosts events that provide exceptional networking and partnership-building opportunities in addition to knowledgeable and influential industry speakers. Educational and signature event topics include diversity, patients, careers & leadership, regulatory affairs, government relations, and business growth.

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item COhio Life Sciences Association
EINHdr · item D92-0273822
Principal addressHdr · item CColumbus, OH
WebsiteHdr · item Johiolifesciences.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFDec 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President and CEO
$449,171Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Vice Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Eddie Pauline’s $449K as President and CEO is at the 95th percentile of top reported officer pay among 2834 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Eddie Pauline$449,171$338,481

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$995K · 65%
Program service revenue$505K · 33%
Investment income$25K · 2%
Contributions & grants65%$995K
Program service revenue33%$505K
Investment income2%$25K
Other revenue$4K
— government grantsLn 1e$475K
Total revenueLn 12$1.5M

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$1.8M
Total liabilitiesLn 26$362K
Total net assetsLn 32$1.4M
Months of cash on handcomputed25.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.3M · Operating expenses/yr $628K
25.0 months
Where the money goes
Program services
Program services — · Total expenses $628K
Management & General
Management & general — · Total expenses $628K
Fundraising
Fundraising — · Total expenses $628K
Cost to raise $1
Fundraising expense $0 · Solicited contributions $356K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $995K · Total revenue $1.5M
65%
Government reliance
Government grants $475K · Total revenue $1.5M
31%
Earned-income share
Program service revenue $505K · Total revenue $1.5M
33%
Investment reliance
Investment income $25K · Total revenue $1.5M
+2%
Program self-sufficiency
Program service revenue $505K · Total expenses $628K
80%
Growth & trend
Revenue growth (YoY)
This year $1.5M · Prior year $1.3M
+21%
Net-asset trend (YoY)
End of year $1.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.5M · Expenses $628K
+59%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.4M · Total assets $1.8M
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Eddie Pauline · Reported title PRESIDENT AND CEO · Highest reported compensation $449K · Total expenses $628K
72%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $255K · Total expenses $628K
41%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 21%
Legal fee ratio 0.2%
Accounting fee ratio 7%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$7K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.5M revenue · viewing · ⤓ 990 PDF
FY2023$1.3M revenue · ⤓ 990 PDF
FY2022$29K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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